Disposition of Real Property Located at 411 North Franklin Street, Tampa, Florida 33602 (Folio: 193527-0000)

The City of Tampa is seeking proposals for the disposition of real property located at 411 North Franklin Street, which currently houses the Tampa Police Department Headquarters, a five-level parking garage, and associated improvements. The 44,521-square-foot property is situated in the Central Business District-1 zone and is being offered for sale with an opening bid of $36,000,000.00. Qualified proposers must demonstrate both vision and financial capacity to develop the property to its highest and best use, with all costs associated with demolition, environmental assessments, surveys, engineering, architecture, rezoning, and construction to be borne by the successful proposer. The property will be sold "AS IS/WHERE IS WITH ALL FAULTS" and is subject to two existing leases: one with Dan Hayman Jewelers (month-to-month) and another with P10 Kennedy, LLC/Moxies (expiring April 6, 2030). Proposals must be submitted electronically through the OpenGov eProcurement Portal by February 6, 2026, at 1:00 PM EST, with a pre-proposal meeting and site tour scheduled for January 6, 2026. The evaluation criteria will consist of two components: completeness of proposal and purchase price (50 points) and financial capacity (50 points), with the award recommendation based on the highest price and demonstrable ability to close the transaction.

There are no specific set-aside designations or restrictions on organizational types for this procurement. The successful proposer must agree to a one-year leaseback of the headquarters to the City for $1.00 per year, with a potential one-year extension, during which the City will cover all utility costs. Proposers must provide three years of audited federal tax returns, income statements, and cash flow statements to demonstrate financial capacity, and if financing is required, must submit a loan commitment or pre-approval letter. The property closing must occur by January 31, 2027, with a 10% deposit of the purchase price required at the execution of the Contract for Sale and Purchase. Proposers must indicate whether they will assume or terminate the existing leases and will be responsible for ensuring tenant vacancies. The City will pay documentary stamp taxes, while the proposer will bear all other closing costs. Proposals will remain binding for 180 calendar days following the opening, and the total possible award value is the opening bid of $36,000,000.00, with no specified maximum budget range beyond this initial amount.